China has approved its first private-sector commercial trial for satellite Internet of Things (IoT) services, granting a permit to a Geely-backed venture as part of broader efforts to open the country’s burgeoning satellite communications market to private capital.The Ministry of Industry and Information Technology (MIIT) granted Zhejiang Geespace Technology, the commercial space subsidiary of electric vehicle giant Geely, a two-year trial period, according to a notice published on the ministry’...